UMB Bank (UMBF) Tops Q3 EPS by 3c, Revenues Miss

UMB Bank (NASDAQ: UMBF) reported Q3 EPS of $1.16, $0.03 better than the analyst estimate of $1.13. Revenue for the quarter came in at $251.38 million versus the consensus estimate of $259.43 million.

“Highlights for the third quarter 2018 included strong loan growth, with average balances increasing 9.6 percent on a linked-quarter annualized basis, and 7.4 percent compared to the third quarter 2017,” said Mariner Kemper, chairman and chief executive officer. “This compares to 4.0 percent growth on a linked-quarter annualized basis for the industry, per Federal Reserve data. In addition, average deposits for the quarter increased 5.4 percent compared to the third quarter of 2017, driven by continued growth in asset servicing and healthcare balances, and our recent deposit campaigns.”

For earnings history and earnings-related data on UMB Bank (UMBF) click here.

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